Endeavors Technology to Become Founding Technology Vendor of Financial Services Instant Messaging Association (FIMA)

Irvine (California) and Cambridge (UK), October 21, 2002 - Endeavors Technology today announces its involvement as a founding IM industry vendor of the Financial Services Instant Messaging Association (FIMA). The secure Web software leader will collaborate with FIMA to promote the adoption of cross-platform interoperability of instant messaging (IM) products in the financial services industry.

Irvine (PRWEB) October 23, 2002 - Endeavors Technology today announces its involvement as a founding IM industry vendor of the Financial Services Instant Messaging Association (FIMA). The secure Web software leader will collaborate with FIMA to promote the adoption of cross-platform interoperability of instant messaging (IM) products in the financial services industry.

FIMA is currently comprised of seven large Wall Street firms including Credit Suisse First Boston, Deutsche Bank, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS Warburg.

FIMA's creation is timely. In a published study conducted in September 2002, Osterman Research found that "IM is being used, either officially or unofficially, in 84% of [surveyed] organizations and that this percentage is expected to climb to 93% during the next 12 months."

However, IM is currently experiencing the pitfalls of incompatibility putting its technology today where e-mail was before the Internet came along. The consequences of this incompatibility are that companies cannot take advantage of IM for real time communication with their customers who use a variety of IM systems. As a stop gap, some of them seek to force their clients to use a preferred IM solution, or build expensive partial solutions to solve the problem.

FIMA aims to avoid unsynchronized multiplicity of IM applications which usually also happen to be unsecured and unauditable. Like FIMA, Endeavors Technology believes that IM users should be able to communicate unhampered across different IM systems. It also believes that IM products should have built-in enterprise security, such as authentication and encryption, and audit and reporting tools compatible with all IM environments.

"The notion that email systems don't talk to each other would be viewed today with disbelief and so it's significant to see that key Wall Street banks have formed FIMA," said Bernard Hulme, CEO of Endeavors Technology. "Having a truly focused business-driven group will increase awareness throughout the instant messaging community that security and interoperability can be the key rallying points in moving this technology forward to mass corporate adoption. FIMA is serving notice that vendors must follow user needs and not the other way around."

About FIMA
FIMA is a meeting of minds intent on solving instant messaging issues specific to the financial industry. Seven Wall Street firms make up FIMA, formerly known as the Instant Messaging Standards Board (IMSB). It is an open and inclusive steering board, which will initially consist of representatives from Credit Suisse First Boston, Deutsche Bank, J.P. Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley and UBS Warburg. FIMA is non-partisan and open to any participant that wishes to promote Internet Engineering Task Force (IETF) IM standards and protocols within the financial services community.

About Endeavors Technology, Inc.
Endeavors Technology, Inc. is a wholly-owned subsidiary of mobile computing and network infrastructure vendor Tadpole Technology plc (LSE-TAD, www.tadpole.com), which has plants and offices in Irvine and Carlsbad (California), and Cambridge, Edinburgh, and Bristol (UK). Endeavors' Magi technology transforms today's Web into a highly secure inter- and intra-enterprise collaboration network of files and Web resources. For further information on Endeavors' Web collaboration solutions, call 949-833-2800, email to info@endeavors.com, or visit the company's website http://www.endeavors.com.

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Press & Analysts Contacts

Joe Anzenberger, Endeavors Technology - Tel 949-833-2800, Email janzenberger@endeavors.com
Will Meldrum, FIMA -- Tel + 44 (0)20 7547 0708, Email will.meldrum@db.com
Mary Jane Reiter (USA) for Endeavors -- Tel 408-725-1239, Email mjreiter@sbcglobal.net
Hugh Paterson (UK) for Endeavors - Tel +44 (0)207 231 9300, Email hughp@patcom-media.com

Copyright Endeavors Technology, Inc. Magi, Magi Secure IM and Magi Enterprise are registered trademarks of Endeavors Technology. All other products and services mentioned in this document are trademarks of their respective companies.

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